How much is energy R and D worth?

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The value of energy technology R and D as an insurance investment to reduce the cost of climate change stabilization, oil price shocks, urban air pollution, and energy disruptions is estimated to be $5-8 billion/year in sum total. However, the total that is justified is actually less than this sum because some R and D is applicable to more than one risk. nevertheless, the total DOE investment in energy technology R and D (about $1.3 billion/year in FY97) seems easily justified by its insurance value alone; and, in fact, more might be warranted, particularly in the areas related to climate ... continued below

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13 pages; Other: FDE: PDF

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Schock, R. N., LLNL May 6, 1997.

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Description

The value of energy technology R and D as an insurance investment to reduce the cost of climate change stabilization, oil price shocks, urban air pollution, and energy disruptions is estimated to be $5-8 billion/year in sum total. However, the total that is justified is actually less than this sum because some R and D is applicable to more than one risk. nevertheless, the total DOE investment in energy technology R and D (about $1.3 billion/year in FY97) seems easily justified by its insurance value alone; and, in fact, more might be warranted, particularly in the areas related to climate change and urban air pollution. This conclusion appears robust even if the private sector is assumed to be investing a comparable amount. Not counted is the value to the economy and to US competitiveness of better energy technologies that may result from the R and D; only the insurance value for reducing the cost of these four risks to society was estimated.

Physical Description

13 pages; Other: FDE: PDF

Notes

OSTI as DE00016375

Source

  • 32nd InterSociety Energy Conversion Engineering Conference, Honolulu, HI (US), 07/27/1997--08/01/1997; Other Information: Supercedes report DE98050994; PBD: 06 May 97

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  • Other: DE98050994
  • Report No.: UCRL-JC-127363
  • Report No.: CONF-970701--
  • Grant Number: W-7405-Eng-48
  • Office of Scientific & Technical Information Report Number: 16375
  • Archival Resource Key: ark:/67531/metadc620251

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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  • May 6, 1997

Added to The UNT Digital Library

  • June 16, 2015, 7:43 a.m.

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  • Jan. 4, 2017, 1:50 p.m.

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Schock, R. N., LLNL. How much is energy R and D worth?, article, May 6, 1997; (digital.library.unt.edu/ark:/67531/metadc620251/: accessed December 15, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.